Title rights of IPL 219 billion Indian rupees

Sponsor Vivo has signed a five-year contract with the Indian Premier League (IPL). Last year, the mobile company had emerged as the sponsor of the IPL. The Chinese company has successfully completed the contract from 2018 to 2022, after successfully completing the IPL 2016-17.

The value of this deal is 219 billion Indian rupees. Which is 554% more than the previous price. Earlier this year, the company had joined as the first title sponsor in 2015. After two years of contract year, BCCI appealed for a new title sponsor.

Tender was opened in front of Indian board officials in Mumbai. Where was the IPL chairman Rajiv Shukla and board secretary Amitav Chawdhury. This huge amount of sponsorship has stirred enough. Board officials say that behind this is the success of the IPL.